Laura Saunders

speaker

5,937 appearances 109 recordings 1 series first heard Jul 2017 last heard Nov 2024

Laura Saunders’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Year-End Money Moves That Could Cut Your Tax Bill · 20 Dec 2023 podcast

If you have losses and you sell the loser and you have gains and you sell the profitable investment, then you can match the losses against the gains and reduce your taxable income. matched

And if you have no gains that you have taken, then you can use the losses to shelter $3,000 of ordinary income like wages or interest or something like that. matched

The good news is they don't expire. matched

You can use $3,000 against your ordinary income and then roll the others forward for use later on. matched

So the tax code is pretty generous that way. matched

Yes, it makes a big difference. matched

And very wealthy people who live mostly on investments are very careful about harvesting their gains and losses and things like that. matched

we were fortunate enough to have a lot of gains this year. matched

The market lost a lot in 2022, and it's made a lot of that back this year. matched

So people have gains. matched

Now, what they may not realize is that they may still have a lot more losses in their bond portfolio. matched

And I should say, by the way, that all of these assets have to be kept in taxable accounts. matched

The techniques we're talking about don't really work if you've got everything in IRAs or retirement accounts. matched

Off the table. matched

That's exactly right. matched

Yes, because the Fed started raising interest rates in 2022 and it was just very steady and lots of bonds lost money and lots of bond funds lost money. matched

And those losses have come back a little bit, but not nearly as much. matched

So people still have net losses on their bonds. matched

So if you're looking to harvest losses to offset gains, that's the place to look this year. matched

The deadline is December 31st. matched

Showing 521–540 of 5,937 · page 27 of 297